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Credit Crunch: You have been married nearly 30 years and love your spouse and family. A credit crunch leads you to default on your loans and the lenders forgive $50 million in debt. The IRS tells you that you owe $15 million to them. Your lawyers say you should get divorced to protect other assets.

Describe what you would do. Support your answer with information from the course.

Reference no: EM131761440

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